Venture lobbyist Mark Heesen: VCs are taxman’s “lowest-hanging fruit”

Mark Heesen, who leads the venture industry’s main lobbying group, said today that there have been pluses and minuses about President Obama’s approach to regulation and taxes. Heesen said the federal government is considering some anti-venture legislation, but he sounded pretty confident that most of it won’t get passed.

VC funding up, biotech outpaces other industries

Venture-capital funding continued to rise in the fourth quarter, continuing a recent boom despite economic jitters sown by the subprime-mortgage financial mess.